|Horizon||30 Days Login to change|
BNY Mellon Market Sensitivity
|As returns on market increase, BNY Mellon returns are expected to increase less than the market. However during bear market, the loss on holding BNY Mellon will be expected to be smaller as well.One Month Beta |Analyze BNY Mellon Japan Demand TrendCheck current 30 days BNY Mellon correlation with market (DOW)|
β = 0.6716
BNY Mellon Japan Technical Analysis
BNY Mellon Projected Return Density Against MarketAssuming 30 trading days horizon, BNY Mellon has beta of 0.6716 suggesting as returns on market go up, BNY Mellon average returns are expected to increase less than the benchmark. However during bear market, the loss on holding BNY Mellon Japan Sm Cap Focus I EUR Hdg will be expected to be much smaller as well. Additionally, BNY Mellon Japan Sm Cap Focus I EUR Hdg has a negative alpha implying that the risk taken by holding this equity is not justified. The company is significantly underperforming DOW
Predicted Return Density
BNY Mellon Return VolatilityBNY Mellon Japan Sm Cap Focus I EUR Hdg accepts 4.2243% volatility on return distribution over the 30 days horizon. DOW inherits 0.4168% risk (volatility on return distribution) over the 30 days horizon.